ITAT upheld addition under Section 68 as the assessee failed to prove identity, creditworthiness, and genuineness of ...

The Revenue challenged allowance of bad debts due to lack of NCLT evidence. The Tribunal held that post-amendment law ...

Why DRC-03 Payment Is Not Automatically Considered and How DRC-03A Regularises It. 1. Introduction. The GSTN advisory dated 14.03.2 ...

The classification depends on whether there is actual crypto transfer. Cash-settled trades are generally treated as speculative business, not VDA ...

The guide explains how property taxes, rental income, and capital gains apply at different stages of ownership. It highlights key deductions and planning strategies to reduce tax ...

The Tribunal ruled that incorrect invocation of Section 69A does not invalidate the addition. Since the loan was found to be an accommodation entry, it was sustained under Section 68. The decision ...

ITAT held that the assessee discharged the burden of proving identity, creditworthiness, and genuineness. Addition was deleted as AO relied only on suspicion without ...

ITAT remanded the matter where the assessee claimed PAN misuse leading to additions under Sections 68 and 69. It directed AO to verify the police report, holding that relief must be granted if misuse ...

The Tribunal held that delay in filing Form 67 is a procedural lapse. It restored the matter to the AO to verify and allow Foreign Tax Credit if ...

Companies cannot give loans or guarantees to directors or related parties. Exceptions apply only with strict conditions and ...

ITAT held that delay in filing Form 10B is only a procedural lapse and not fatal to exemption. It ruled that exemption under Section 11 cannot be denied where audit report is eventually ...

The Tribunal held reassessment invalid as no proper sanction under Section 151 was produced. The notice under Section 148 was quashed, making all additions ...